Extended Deadline for Employers

Employers get 20 extra days to deposit TDS starting October 1, 2024.

TDS Deposit Timeline

New rules align TDS deposit deadlines with TDS return filings.

Penalties for Late Deposits

Failure to deposit TDS on time may result in penalties and prosecution.

Risk to Employees’ TDS Credit

Employees can't claim TDS credit if employers don't deposit the deducted tax.

Employee Protection under Section 205

Section 205 protects employees from paying tax twice due to employer default.

Bombay High Court Ruling

The Bombay HC ruled employees shouldn't be penalized for employer TDS defaults.

Employee Burden of Proof

Employees must provide proof of TDS deductions to avoid extra taxes.